THE ESPRESSO ROOM LONDON LTD - Filleted accounts

Registered number

07682379

THE ESPRESSO ROOM LONDON LTD

Filleted Accounts

30 June 2024

THE ESPRESSO ROOM LONDON LTD
Registered number:		07682379
Balance Sheet
as at 30 June 2024

Notes			2024			2023
£				£
Fixed assets
Intangible assets	3		29,686			39,340
Tangible assets	4		323,249			382,378
			352,935			421,718

Current assets
Stocks		282			282
Debtors	5	444,649			250,597
Cash at bank and in hand		2,679			4,955
		447,610			255,834

Creditors: amounts falling due within one year	6	(331,104)			(183,709)

Net current assets			116,506			72,125

Total assets less current liabilities			469,441			493,843

Creditors: amounts falling due after more than one year	7		(1,465,444)			(1,465,986)



Net liabilities			(996,003)			(972,143)

Capital and reserves
Called up share capital			30,000			30,000
Profit and loss account			(1,026,003)			(1,002,143)

Shareholders' funds			(996,003)			(972,143)

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.




Daniel Michael Bull
Director
Approved by the board on 18 September 2025

THE ESPRESSO ROOM LONDON LTD
Notes to the Accounts
for the year ended 30 June 2024


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).

	Turnover
	Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Intangible fixed assets
	Intangible fixed assets are measured at cost less accumulative amortisation and any accumulative impairment losses.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:


	Leasehold land and buildings	10% straight line
	Plant and machinery	10% straight line
	Fixtures, fittings, tools and equipment	10% straight line

	Investments
	Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

	Stocks
	Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2024		2023
Number					Number

	Average number of persons employed by the company			24		24


3	Intangible fixed assets					£
	Goodwill:

	Cost
	At 1 July 2023					96,537
	At 30 June 2024					96,537

	Amortisation
	At 1 July 2023					57,197
	Provided during the year					9,654
	At 30 June 2024					66,851

	Net book value
	At 30 June 2024					29,686
	At 30 June 2023					39,340

	Goodwill is being written off in equal annual instalments over its estimated economic life of 10 years.


4	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost
	At 1 July 2023	180,484		675,434		855,918
	Additions	-		7,464		7,464
	At 30 June 2024	180,484		682,898		863,382

	Depreciation
	At 1 July 2023	115,669		357,871		473,540
	Charge for the year	8,102		58,491		66,593
	At 30 June 2024	123,771		416,362		540,133

	Net book value
	At 30 June 2024	56,713		266,536		323,249
	At 30 June 2023	64,815		317,563		382,378


5	Debtors			2024		2023
£					£

	Trade debtors			52,828		8,159
	Other debtors			391,821		242,438
				444,649		250,597


6	Creditors: amounts falling due within one year			2024		2023
£					£

	Bank loans and overdrafts			38,625		10,000
	Trade creditors			18,606		55,445
	Taxation and social security costs			266,301		115,688
	Other creditors			7,572		2,576
				331,104		183,709


7	Creditors: amounts falling due after one year			2024		2023
£					£

	Bank loans			9,166		19,167
	Other creditors			1,456,278		1,446,819
				1,465,444		1,465,986


8	Other information

	THE ESPRESSO ROOM LONDON LTD is a private company limited by shares and incorporated in England. Its registered office is:
	5203 Bagshaw Building
	1 Ward Place
	London
	England
	E14 9EJ

9	Related party transactions

	Included in creditors due after one year is £1,088,745 due to the director. The amount is unsecured,
	interest free and payable on demand.